Corporate Announcements

Nitin Fire Protection Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 17, 2014, inter alia, has passed the following resolutions:

1. Appointment of Mr. Vinayak Kulkarni as the Cost Auditor for the financial year 2014-2015.

2. Appointment of M/s. Haribhakti & Co., as the Statutory Auditor for the financial year 2014-2015.

3. Recommended dividend of Rs. 0.20 (10%) for the year ended March 31, 2014.

4. In pursuance to section 81(1 A) the issue of further equity shares of the Company.

5. Mr. Nitin M. Shah will act as Non-Executive Director and Chairman of the Company, and has resigned from the post of Managing Director of the Company w.e.f. May 17, 2014.

6. The Board has accepted resignation of Mr. S. A. Dave as Director of the Company w.e.f. February 18, 2014.

7. Constituted the Corporate Social Responsibility Committee as per Section 135 of the Companies Act, 2013.

8. Re-constituted and re-designated the existing Remuneration Committee as Nomination and Remuneration Committee as per Section 178 of the Companies Act, 2013.

9. Re-constituted and re-designated the existing Investor Grievance Committee as Stake Holders Relationship Committee as per Section 178 of the Companies Act, 2013.

10. Mr. Kunal N. Shah has resigned as Director of the Company w.e.f. May 17, 2014.

11. Re-constituted Audit Committee as per Section 177 of the Companies Act, 2013 including Powers and Role of Audit Committee and review of Information by Audit Committee as per the Listing Agreement.

12. Mr. Rahul N. Shah has resigned as Director of the Company w.e.f. May 17, 2014

13. Considered and approved the Related Party Transaction Policy.

14. Appointed M/s. Tolia & Associates, Chartered Accountants as the Internal Auditors of the Company for the financial year 2014-2015.

15. Noted the declaration dated April 01, 2014 made by Mr., R. M. Nayak, Mr. S. K. Dheri and Mr. Krishnakant Jha, as the Independent Directors pursuant to the provisions of Section 149(6) of the Companies Act, 2013.

16. Considered Amalgamation of M/s. Eutotech Cylinders Private Limited, 100% Subsidiary Company with the Company